Property Overview: 179 Des Meurons Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its efficiency and affordability within the established Norwood East neighborhood. Built in 1910, its 615 sqft living area and 1,551 sqft lot are significantly more compact than area averages, placing it in the bottom 1-2% for size both locally and city-wide. The assessed value of $190k reflects this scale, coming in well below the neighborhood and street averages.
The core appeal lies in its accessibility. It represents a rare, lower-priced entry point into a mature community, suited for a minimalist lifestyle or as a strategic first investment. It would particularly suit a first-time homebuyer seeking a manageable footprint without a large mortgage, or an investor looking for a rental property with a relatively low tax and maintenance baseline due to its size and age. A thoughtful perspective is that such a compact property on a small lot presents a clear, contained project scope for renovations or updates, avoiding the endless potential of larger, more complex homes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value is directly tied to the home’s physical characteristics. At roughly half the living area and one-third the lot size of area averages, the valuation is proportionally lower.
2. What does the "Top 99%" ranking mean for living area?
This statistic means the home’s living area is smaller than approximately 99% of comparable homes in Winnipeg. It is a clear indicator of a compact, efficient layout rather than a spacious one.
3. How reliable is the sold price data shown?
The site states its sold price data is from public online sources, not the MLS, and has had limited verification. They offer to manually provide exact, verified sales history via email upon request.
4. What are the implications of a home built in 1910?
While offering classic charm, it necessitates a focus on the condition of aging components. A thorough inspection of the foundation, plumbing, electrical systems, and envelope is essential to understand any needed updates or repairs.
5. Is the small lot size a major disadvantage?
It limits expansive outdoor space but minimizes yard maintenance. The property’s location still provides walkable access to neighborhood amenities, trading private yard space for community space.